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Economic policy

Authored by Meeranath Premjith

Social Studies

9th Grade

Used 27+ times

Economic policy
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government's overall approach to spending and taxes is called

Physical Policy

Fiscal Policy

вежба

Monetary Policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fiscal Policy is concerned with

Government Spending and taxation
Consumer spending and productivity
Government spending and the money supply
Taxation and inflation

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Examples of contractionary fiscal policy includes which of the following (choose all correct answers)?

Raise taxes on corporations

Lower the corporate tax rate

Government increases spending on research in Antarctica

Government cuts spending on education

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Taxing & spending to help the economy grow is referred to as

expansionary policy
monetary policy
contractionary policy
budget deficit

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The federal government's overall approach to spending and taxes is called

Physical Policy
Fiscal Policy
Money
Monetary Policy

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An example of expansionary fiscal policy would be

cutting taxes.
cutting government spending.
cutting production of consumer goods.
cutting prices of consumer goods.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the unemployment rate is rising and GDP is falling, the fiscal policy action that the federal government should MOST likely follow is 

decreasing taxes.
decreasing spending.
decreasing the money supply.
decreasing the reserve requirement.

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